HomeContributorsTechnical AnalysisEURGBP: Risk Continues To Point Higher Medium Term

EURGBP: Risk Continues To Point Higher Medium Term

EURGBP- The cross closed higher on Monday opening the door for additional gains in the days ahead. Support lies at the 0.9100 level where a violation will turn focus to the 0.9050 level. A break will expose the 0.9000 level. Resistance resides at the 0.9200 level where a violation if seen will turn risk towards the 0.9250 level. Further up, resistance resides at 0.9300 level followed by the 0.9350 level. Its daily RSI is bearish and pointing lower supporting this view. All in all, EURGBP remains biased to the upside medium term.

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FXAssurehttps://www.fxassure.com/
Mohammed Isah is a co-founder, technical strategist and head of research at FXAssure.com. He has been trading and analyzing the foreign exchange market for the past 7 years. He formerly traded stocks before crossing over to the forex market where he worked for FXInstructor LLC as a technical analyst and head of research before Joining FXassure.com.

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